Davies, Non-Executive Director, Rolls-Royce Resigns

By Joseph R. FonsecaNovember 20, 2016

Courtesy Rolls Royce

Rolls-Royce announces today that Alan Davies has resigned as a Non-Executive Director and is stepping down from the Board with immediate effect. He joined the Board on 1 November 2015 and was a member of the Nominations and Governance Committee, the Audit Committee and the Safety and Ethics Committee.

The Chairman of Rolls-Royce Ian Davis said,"I am hugely grateful to Alan for the contribution he has made to the Board. His expertise and perspectives will be greatly missed. He has been a highly valued colleague and Board member".

About Rolls-Royce Holdings plc

Rolls-Royce's vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.

Rolls-Royce has customers in more than 120 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.

We have three common themes across all our businesses:
* Investing in and developing engineering excellence
* Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
* Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.

Annual underlying revenue was £13.4 billion in 2015, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £79.5 billion at the end of June 2016.

In 2015, Rolls-Royce invested £1.2 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

Rolls-Royce employs over 50,000 people in more than 46 countries. More than 16,000 of these are engineers.

The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2015 we employed 228 graduates and 277 apprentices through our worldwide training programmes.